Sinclair Broadcasting's proposed $3.9 billion takeover of the Tribune company, which would have expanded the conservative media company's footprint to nearly three-fourths of American households, suddenly appears in trouble. Today, Federal Communications Commission chair Ajit Pai effectively came out against the acquisition by proposing to refer it to a hearing with a judge. In theory, the deal could still go ahead if the judge finds no problems with the acquisition or if the decision is appealed.
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